Form 4: General Motors Director Thomas M. Schoewe Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Thomas M. Schoewe reports acquisition of Deferred Share Units (DSUs) in General Motors Co.
Summary
- On December 31, 2024, Director Thomas M. Schoewe acquired 4,154 Deferred Share Units (DSUs) of General Motors Co.
- Additionally, 575 DSUs were acquired as dividends accrued on existing DSUs in 2024.
- Following these transactions, Schoewe directly owns 57,578 DSUs.
- These DSUs will be paid in cash after the director leaves the board, based on the average closing price of GM's common stock during the quarter preceding payment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Future Outlook
The DSUs will be paid out in cash to the director after they leave the board, with the value determined by the average closing stock price in the preceding quarter.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of DSU acquisition and dividend accrual |
| 01/03/2025 | Date of Form 4 filing |
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